How are you feeling?
Not your usual chipper self eh?
511 publicly visible posts • joined 14 May 2007
An "Uber verified driver"? What does that mean?
Transporting people is a profession. The authorities have rules, some on safety, others on responsibility in case of an accident. Perhaps you don't agree with these rules, that's your right in a democracy. You can try to overturn these rules, but until you do, you are legally bound to follow them.
An "Uber verified driver" is just a guy with a car and some free time, looking to make some extra cash, isn't he?
And you're just a tool, shouting "dinosaur" at everyone you don't agree with.
Fraud is very profitable and is probably the oldest profession around. The only thing you need for fraud are gullible people. And a few are born every second.
Gullible people are always looking for a quick fix, a short cut, an easy way to make lots of money without doing any actual work. The think they're smarter than us, and that makes them vulnerable.
The point is not the worth of the bitcoin or the greenback. The question is, did you do any valuable work?
To earn a greenback at least you would have to persuade someone that the value of your work, entitles you to this greenback.
To earn a bitcoin you've solved a riddle.
But I hope the people managing my pension fund are trying to make wise, long term investments, not flip my money several times a day.
Therefore, this will not hit my pension fund where it hurts.
There's only one thing worse than ignorant politicians, and that's journalists with a (not so carefully) hidden agenda.
We should build a complex machine to run the market and our economy. Nobody really understands how it works, the algos interact with each other at an incredible speed. The life expectancy of these algos is a couple of weeks, so no time for any real testing.
And this is a great idea because HFT will reduce the cost of trading making it 99% more efficient, from 0.2% - 0.002%.
Not really. If a transaction of 100 is made, there was a cost of 0.2% or 99.8 efficiency. Now we have a cost of 0.002% or 99.998 efficiency. That's not a 100% increase in efficiency, it's a 0.1984% increase in efficiency.
Any other bright ideas Tim?
How stupid these automatic systems are designed. If several sensors should return the same or similar values, how difficult can it be to ignore the one that is clearly faulty? Very smart people, sitting comfortably behind a desk decide that the odd value should be used.
The automatic systems than floods the crew with non relevant information.
And when the plane crashes, these very smart people decide that the pilots, working in a stressful situation, really should have known better.
I remember a Turkish plane crashing in the Netherlands in a similar incident: en.wikipedia.org/wiki/Turkish_Airlines_Flight_1951
I know, this is considered witchcraft by some, or at least cheating.
If the iWatch sells for $299, it could total around $17.5bn in 12 short months, or around 58.5M pieces sold.
If the iWatch will sell at what many vendors regard as the "magic" impulse-buy price-point of $199, that figure would drop to just under the iPad's inaugural $12bn, or nearly 60M pieces sold.
Hey, that's very impressive magic right there, transforming 58.5M in nearly 60M. That guy with the fishes and the bread has nothing on you.
You're wrong.
Most people have a useful job. That means, they create something, or perhaps they are part of an organisation that creates something. To keep it simple: if you work in a carmanufactoring plant, you get paid for making a car, and with that money, you can eventually by one of the cars you make.
Solving riddles doesn't create anything. So for the money they make, they don't create any wealth.
Sorry but $75 transaction cost on an $300 transaction? Really? Darwin, I'm so glad I'm not living in the land of the brave and the free.
I could pay anybody in Europe 300 € and it would cost me less than € 1. Customs however would be keeping the parcel "under investigation" for several weeks as the watch will start ticking for a while when they shake it.
Perhaps we store our idiots in customs while you store them in banks eh?
Yeah, you're probably in marketing. Or a manager of some sort.
Listen genius, it's not about what you think, it's about what the customer thinks.
The customer, you might have heard from him.
He's the guy who's money we're after. Well not you of course, you're egotripping. But us, the working people who try to keep your company afloat. By making money for the company. And we still realise where that money is coming from: the customer.
Did you read the article?
From the top: "China has banned its banks from using Bitcoin after warning the cryptocurrency could be used to fund terrorism. Financial institutions in the Middle Kingdom will no longer be able to use Bitcoin, although citizens are free to spend the digital funny money."
Any government has the right ànd the duty to set rules for their banks. It's because most failed to do their job, that we're in this mess to start with.
And that bartering with livestock was all very fine, but at the end of the year, "da man" came and took 10% of your livestock. So your "without any government intervention" line, doesn't fly either.
Really? No different than cash?
Any currency is controlled by a national bank that has the monopoly on issuing coins and notes.
Who can guarantee that the market will not be flooded by counterfeit bitcoins?
Where do they originate from?
No different than cash he says? :-D
That's what this is about. Don't tax my job. Tax somebody elses job instead.
While you can not short on a house, you can short on property. There are companies who invest in property and their stock is on the market. You can short on their stock if you think the value of property is going down.
But there's another consideration. How does trading contribute to wealth? Why is it that the trader makes the big bucks, but the companies that build the houses make less, and the fools who actually do the manual labor of building the house don't make enough to buy a house?